JB/002/553/001

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In the case instance of Exchequer Bills, it is true,
the danger of depretiation is of comparatively
small account. But the annuity afforded by
an Exchequer Bill is not the sort of annuity
which is afforded by the specie of paper
proposed. It is an annuity if such it may
be termed for a term never exceeding two years,
and which may fall short of that term to any
amount. It is therefor altogether unsuited to the
demand afforded by a permanent sum
The probability is indeed that when our batch
of Exchequer Bills is paid off, or before, another
will be sale: but it is altogether
uncertain upon what terms. Stock Annuities
are subject to an species of depretiation,
the Annuities granted by Exchequer Bills, to another: viz: that of
being paid off at a time when an equal rate
of interest is not to be obtained by the by the money
money sums replaced..
which can never
in no instance be
depended upon for lasting
two years

In time of war, so long as war continues true it is, that by watching
the course of the market, a man whose Exchequer
Bills have been paid off, run out their terms and will may
entertain a reasonable hope of purchasing a fresh
and a fresh batch upon equally advantageous
terms. But to watch the course of the market in
any such view is in effect to follow a particular
—that of a Stock Jobber: a profession which
individuals at large can not in general attempt
to exercise but under disadvantages of which in
generall they are accordingly sufficiently aware.
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2do 13
Annuity Notes
Ch. Grounds
Rate
11
In the case of
Exchequer Bills
the danger of loss
by depretiation is
less considerable
but there besides that
the sum is so large
the term of investment
is extremely limited:
and though this investment may be
to be renewed, it may
be at a gre reduced
rate of interest: besides
the event of a
not
&c for selling and receiving
interest

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Identifier: | JB/002/553/001 "JB/" can not be assigned to a declared number type with value 2.
Date_1		Marginal Summary Numbering	11
Box	002	Main Headings	Annuity Notes
Folio number	553	Info in main headings field
Image	001	Titles
Category	Text sheet	Number of Pages	1
Recto/Verso	"Recto" is not in the list (recto, verso) of allowed values for the "Rectoverso" property.	Page Numbering	F13
Penner	Jeremy Bentham	Watermarks	<…>M 1798
Marginals	Jeremy Bentham	Paper Producer	Frances Wright
Corrections		Paper Produced in Year	1798
Notes public		ID Number	1292
Box Contents